Global conglomerate Man Capital has acquired a €100m majority stake in Right To Dream, who run a youth academy in Ghana and own Danish top-flight side FC Nordsjaelland.
The investment from Man Capital – the UK arm of the Egyptian Mansour Group – will focus on establishing a new Right To Dream academy in Egypt, a women’s team in the country, and furthering the company’s work in Ghana and Denmark.
British entrepreneur Tom Vernon, who founded Right To Dream in 1999 to provide children in extreme poverty to with the opportunity to build a better life for themselves, will continue in his role as CEO, with Mohamed Mansour – the founder of Man Capital – becoming Chairman of the Board.
Man Capital LLP has acquired a €100m majority stake in the Right to Dream charity which will help build a new academy and women’s team in Egypt
Vernon said: ‘For 20 years Right To Dream has been using football as a vehicle for social change, bringing life-changing opportunities through sport and education for children and their communities.
‘This partnership helps Right To Dream accelerate global expansion plans to provide more opportunities for more children around the world, continuing to put people and purpose at the centre of football.
‘With the support of the Mansour family, we continue to aspire to the creation of a new standard of purpose-driven sports for clubs academies and players.’
Man Capital CEO Mohamed Mansour (above) will help lead the project alongside Tom Vernon
Mansour said: ‘I could not be prouder to be investing in and partnering with Tom and his team at Right To Dream, who are inspirational for the life-changing work they undertake with talented boys and girls across Africa, Europe and the Americas.
‘We have long taken a close interest in the work they are doing and are delighted to be announcing our partnership today.
‘Not only are we a family of football fans, indeed my uncle Mostafa Kamel Mansour even represented Egypt in the 1934 World Cup, but we are committed to supporting underserved communities across Africa, through our foundations and other philanthropic activities.’
This post first appeared on dailymail.co.uk